(Yicai Global) May 6 -- The People's Bank of China pumped CNY20 billion (USD3 billion) into the nation's financial system via open market operations today, the first net injection since April 24.

The central bank conducted a seven-day reverse repo worth CNY20 billion and no previous monetary tools are due to mature today. The bid rate for the reverse repo was 2.55 percent, unchanged from the last operation.

Editor: James Boynton